I totally agree businesses go belly up all the time, the deplorable behaviour was the action of the board to take the "assumed advice" and run with it.
Their lack of disclosure to shareholders on what actions (if any" they took other than telling the government they were stopping funding and putting the mine up for sale.
The government were 20% co-owners of the mine, did they try and work a solution with government?
Businesses going to the wall call in administrators to work a solution etc. The governments actions were deplorable as well in stopping sale.
FFX Price at posting:
20.0¢ Sentiment: None Disclosure: Held
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